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Economy: Consumer Confidence, Housing Prices / Mortgages #876634

CBS Evening News for Tuesday, Oct 30, 2007
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(Studio: Katie Couric) The consumer confidence and housing price numbers cited.

(New York: Anthony Mason) The ouster of Merrill Lynch CEO Stanley O'Neal due to the housing mortgage crisis examined; details given about other executives in the firing line due to multi-billion dollar losses: Citi's Charles Prince and Countrywide Financial's Angelo Mozilo, who sold company stock this year. ["Forbes" magazine editor Neil WEINBERG†- says Merrill Lynch bet heavily on the mortgage market and got bad debt; predicts an economic slowdown.] [William PATTERSON - says Mozilo was at the center of the mortgage meltdown and Countrywide must act.]

Couric, Katie;
Mason, Anthony

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